Dormant bank accounts law

About the consultation

​​A law has been prepared that would allow dormant bank accounts to be used for good causes.

The aim of the law is to transfer balances in dormant bank accounts (accounts where contact has been lost with the customer after 15 years) from banks to a central fund called the Jersey Reclaim Fund. 

The Jersey Reclaim Fund will be administrated by government and used to support a number of good and charitable causes in the local community.

The customer can still ask for their money back from the Jersey Reclaim Fund (via their bank) at any time.

The bank will pay the customer their money and ask for the sum back from the Jersey Reclaim Fund.

We want you to comment on the draft law before it is submitted to the States for debate.

Download dormant bank accounts consultation paper (size 508kb)

Download Dormant Bank Accounts (Jersey) Law 201- draft (size 345kb)

How to submit comments to the consultation

Submit your comments online

You can submit your comments using the link below.

Dormant Bank Accounts eConsultation

Email or post your comments

You can also email or post your comments to the Director of Finance Industry Development:

James Mews

Director, Finance Industry Development, Financial Services Unit

Chief Minister's Department

5th floor, Cyril Le Marquand House

The Parade

St Helier

JE4 8UL

+44 (0) 1534 440413

Responses from the finance industry​

William Byrne

Head of Technical, Jersey Finance Ltd
4th floor, Sir Walter Raleigh House
48 to 50 Esplanade
St Helier
JE2 3QB

+44 (0) 1534 836021

Responses to the consultation

​You can find responses to this consultation below

Download Dormant Bank Accounts response to consultation (size 293kb)